The following column is adapted from Fareed Zakaria’s commencement address at Ohio State University on May 5, 2019.

It’s graduation season in America and a good time to be leaving college and looking for a job. Despite this week’s stock market tremors, the U.S. economy is on solid footing. Now in its 120th month of expansion, the economy shows few signs of bubbles about to burst. Unemployment is way down, inflation is contained, wages are finally moving up, and, perhaps most significantly, productivity is up. Some of these trends might prove ephemeral, but there is no denying that economic indicators are firmly positive.

These good numbers, however, are unlikely to change another set of numbers regarding the geography of growth. I was honored to be the commencement speaker at Ohio State University last weekend, and I predicted that graduates looking for a job would get one — in a city.